February 2016 - Emile Woolf writes

Understanding principles is, literally, the only way to avoid a repetition of past follies. At the time of the devastating credit crunch in 2008, the Queen famously asked a gathering of the great and good at the London School of Economics: “If this thing is so big, why did no one see it coming?” Ironically, […]

Actions arising from short-term expediency can be tempting. They may hide, but can never negate, the underlying principle. Obedience to the law is a principle that applies even when that law itself appears unprincipled. Google, Amazon, Facebook and others have for many years exploited jurisdictional tax-rate differentials to minimise their liabilities. The style of compliance […]